Eight Roads has announced funding to inject $ 450 million. EU-Israel Innovation

Eight Roads Ventures, a global venture capital firm based in London, has launched a fourth fund aimed at supporting innovation in Europe and Israel.

According to a press release, the new fund is the region’s eight largest roads to date, with $ 450 million in loot, and projects in a wide range of areas, including software as a service and medical technology. It is intended to cover. , And fintech.

According to the company, the team has made up to 20 promising scale-ups, putting solutions that fit the product market under its wings, each seeking checks for $ 5 to $ 50 million. Leveraging its vast global footprint, the new fund will enter the expanded Eight Roads ecosystem, putting its total capital under the control of a whopping $ 8 billion.

This development began when Eight Roads entered the European and Israeli scene more than a decade ago with its first dedicated fund. As the region evolved into today’s bustling tech and innovation hub, Eight Roads has added a number of local big wigs to its portfolio, including giants such as AppsFlyer, Cazoo, Fireblocks and Hibob. The company’s Europe-Israel division brings together a team of 20 experienced investment professionals with extensive industry expertise and a deep understanding of the local scene.

The new fund is taking off in the midst of a significant expansion of tech venture capital put into overdrive mode by a pandemic. As COVID-19 forced companies to move their operations online, the demand for solutions that support and enable digital transformation has skyrocketed. This created an opportunity for VC companies to enter and invested record highs in promising projects around the world.

This trend is very pronounced in Europe, where venture investment has been steadily increasing over the years. Throughout the year, European start-ups raised $ 41 billion. In terms of investment, it was a record number in various regional scenes, but in 2021 it took the trend to a whole new level. In the first six months, the local scene raised $ 52.2 billion. – Huge numbers that exceed the overall funding for 2020.

Announcing the launch of the new fund, Managing Partner and Head of Eight Roads Ventures Europe, Davor Hebel praised the region’s “entrepreneurial energy and ambition” covered by the new fund. “This additional capital will continue to help ambitious founders scale up, win and have a lasting impact on our lives,” he said.

AppsFlyer CEO and co-founder Oren Kaniel welcomed the announcement and was a powerful small team of 50 people with a big vision, so his company at Eight Roads that accompanies the marketing analytics and attribution platform. Shared the experience of. “I couldn’t ask for a more supportive partner.”

Alex Chesterman, CEO and founder of Kazoo, shared his views on collaboration with Eight Road and praised the EU-Israeli team’s approach to business. “They are knowledgeable and experienced investors, have an international network and can help European founders build global game-changing businesses,” he said. Told.

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